DEPRECIATION PRINTER AS PER CO.ACT.1956

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Javed Ansari (Querist)
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26 May 2008 WHAT RATE CAN APPLY ON PRINTER FOR DEPRECIATION AS PER COMPANIES ACT.1956 AND AS PER INCOME TAX ACT.1961
PLEASE REPLY ME.

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
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26 May 2008 same as to computer, in books, debit cost of printer in computer a/c.

in co. act : 40%
in i.t. act : 60%

Sanjeev Kumar Sharma

Sanjeev Kumar Sharma (Expert)
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26 May 2008 yes i agree with Yayati Tyagi

Aashish R

Aashish R (Expert)
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26 May 2008 Companies Act
SLM - 16.21%
WDV - 40.00%

IT Act - 60%

CA PARTH SHAH

CA PARTH SHAH (Expert)
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02 September 2012 BUT AS PER SCHEDULE XIV OF COMPANIES ACT IT IS STATED THAT DATA PROCESSING MACHINE INCLUDES ONLY COMPUTER. SO PRINTER CANNOT BE CONSIDERED AS PART OF COMPUTER AND SHOULD BE TAKEN AS PLANT & MACHINERY. SO RATE MUST BE 13.91% (WDV ) OR 4,75 %(SLM)

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